Delaware Statutes
§ 1316 — Successor entities
A company shall, if the contract so provides, be the successor to any nonprofit corporation, agency or any other entity theretofore organized by such contracting municipalities to provide the same or a related function, and the company shall be entitled to all rights and privileges and shall assume all obligations and liabilities of the other entity under existing contracts to which the other entity is a party.
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Legislative History
61 Del. Laws, c. 496, § 1
Nearby Sections
15
§ 1302
Definitions§ 1303
Creation§ 1304
Contract§ 1305
Powers§ 1306
Public character§ 1308
Sale of excess capacity§ 1309
Regulation§ 1310
Bond issues§ 1311
Form and sale of bonds§ 1312
Covenants§ 1313
Refunding bonds§ 1315
Tax exemption